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Articles - finantare

Papalekas to attract EUR 35 million for investments

Businessman Ioannis Papalekas wants to attract EUR 35 million from the shareholders of the Globalworth, the company he controls, in order to finance new real estate projects acquisitions and the needed investments for the office buildings in development in Bucharest.

World Bank continues to finance Lidl and Kaufland expansion in Romania

German retailers Lidl and Kaufland, both owned by the German group Schwarz, will receive a EUR 60 million loan from the World Bank to continue their expansion in Romania.

Plaza Centers secures financing for Timisoara Plaza

Plaza Centers secured funding for 65 percent of the development costs for Timisoara Plaza. Construction could start by the end of the year.

AFI Europe receives EUR 39 mln loan for AFI Park 4&5 in Bucharest

AFI Europe has signed a financing agreement totalling EUR 39 million for finalizing the construction of AFI Park 4&5 office buildings, say company representatives.

Lidl and Kaufland’s expansion in CEE, including Romania, financed with public money

Retailers Lidl and Kaufland, which are owned by German Schwarz Group, have received almost USD 900 million in public development funds from a division of the World Bank and the European Bank for Reconstruction and Development (EBRD), to finance its expansion in Central and Eastern Europe, including Romania, in the last ten years.

Papalekas to attract EUR 45 million financing for Bucharest One tower and other acquisitions or projects

Real estate investment company Globalworth, founded and controlled by the businessman Ioannis Papalekas, has obtained a short term financing from the groups Oak Hill and York Capital, controlled by Amercian investors, according to information on company’s website.

Romanian real estate developer plans EUR 30 mln bond issue for new projects

Romanian real estate company Impact Developer&Contractor plans to launch a bond issue of up to EUR 30 million (RON 135 million) to finance its new projects, the company has announced.

General Concrete secures EUR 6 mln loan for residential development in Bucharest

General Concrete Land Development has secured a EUR 6 million loan from Garanti Bank for the development of Sunflower Grand Apartments, a residential project in Bucharest. The funding was granted for a period of three years.

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